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NSN Holdings Limited ("NSN") approached SEGF having recognised that an opportunity existed to establish a nationwide network of independent car garages providing repair, maintenance, services and MOT facilities at menu pricing. The plan was to create a network with a quality brand which delivers a cost effective service to customers through a single national telephone number. The commitment from strategic partners like Shell, RAC, Unipart, together with the gravitas of the management team particularly impressed SEGF. SEGF provided £250,000 as part of a larger package of start-up funding.
In April 2005, NSN received investment from General Motors to further develop its business. |